Karaitiana, who took Masterton Red Star to the Tui Cup title in 2009, had been at the forefront of moves aimed at ensuring the club would be competitive in the premier division grade and is reviewing his options now they won't be involved.
"Honestly I'm not sure what I will do. I guess it will all depend on how many of the current players we retain and what their aspirations are," Karaitiana said, saying he had been "very pleased" with the calibre of player they had attracted with a premier division campaign in mind.
Meanwhile, the draw has been confirmed for the premier division competition in 2015 with matches getting under way on April 11.
Defending champions Eketahuna will be at home to East Coast in the opening round while Carterton will host Gladstone, Greytown will play Martinborough at Greytown and Marist and Pioneer will do battle at Memorial Park.